| Oil traders have started the week in a pessimistic mood on the back of a report pointing again to a slowdown in manufacturing output in China. International benchmark Brent crude is down by around 0.8 per cent to little more than $48 a barrel after an Asian trading session dominated by a nine per cent fall in Chinese industrial profits.
The news, which has hit wider markets, adds to evidence of a fall in consumption in the world's second largest economy. Oil is vulnerable to any signs of waning demand from such a key market, as the supply glut that has weighed on prices in the past year continues..............................................Full Article: Source
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